Deutsche Bank AG Grows Stock Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

Deutsche Bank AG grew its position in shares of TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) by 114.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,903 shares of the company's stock after buying an additional 69,895 shares during the quarter. Deutsche Bank AG owned 0.16% of TPG RE Finance Trust worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TRTX. Prudential Financial Inc. bought a new position in TPG RE Finance Trust in the 4th quarter worth $1,526,000. Teacher Retirement System of Texas grew its stake in shares of TPG RE Finance Trust by 41.7% during the 4th quarter. Teacher Retirement System of Texas now owns 293,525 shares of the company's stock valued at $2,495,000 after acquiring an additional 86,337 shares during the period. Raymond James Financial Inc. bought a new position in shares of TPG RE Finance Trust during the 4th quarter valued at approximately $548,000. Van ECK Associates Corp purchased a new stake in TPG RE Finance Trust in the 4th quarter worth approximately $5,588,000. Finally, Thrivent Financial for Lutherans bought a new stake in TPG RE Finance Trust during the 4th quarter worth approximately $672,000. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

TPG RE Finance Trust Price Performance

Shares of NYSE:TRTX traded down $0.05 during midday trading on Friday, reaching $7.70. 47,800 shares of the company were exchanged, compared to its average volume of 642,281. The stock has a market cap of $614.50 million, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The business's fifty day moving average is $7.56 and its two-hundred day moving average is $8.26. TPG RE Finance Trust, Inc. has a one year low of $6.47 and a one year high of $9.66. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14.

TPG RE Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were issued a $0.24 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 12.48%. TPG RE Finance Trust's dividend payout ratio (DPR) is 137.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRTX. Wells Fargo & Company reduced their price objective on shares of TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered TPG RE Finance Trust from a "hold" rating to a "sell" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on TPG RE Finance Trust from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

TPG RE Finance Trust Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.